A new bill introduced by Republican Representative Keith Ammon in New Hampshire is sparking discussions about the state potentially holding Bitcoin as a reserve asset. The proposed legislation aims to establish a strategic Bitcoin reserve for the state, allowing the treasury to custody BTC alongside traditional assets like gold, silver, and platinum.
Rep. Ammon’s bill includes provisions for “secure custody solutions” to safeguard New Hampshire’s potential Bitcoin stash, reflecting the increasing adoption of cryptocurrencies even at the state level. If passed, New Hampshire could emerge as a trailblazer in the movement for state-controlled Bitcoin reserves, although it faces competition from other states considering similar measures.
The introduction of this bill comes amidst a broader trend of jurisdictions exploring the idea of holding Bitcoin in their national treasuries. States like Texas, Ohio, and Pennsylvania have also considered legislation for state-level Bitcoin reserves, while lawmakers such as Cynthia Lummis have advocated for a federal BTC reserve.
The momentum behind the concept of a U.S.-based Bitcoin reserve was further fueled by former President Donald Trump’s campaign promises to appeal to the crypto voting bloc. Trump had pledged to position the U.S. as a global leader in cryptocurrency and proposed building a Bitcoin stockpile from the government’s existing holdings of 207,000 BTC.
As 2025 unfolds, predictions that more jurisdictions would move towards adopting Bitcoin reserves are beginning to materialize. Beyond the United States, countries like Brazil and Poland have also started exploring the idea of incorporating Bitcoin into their national treasuries.
The push for state-controlled Bitcoin reserves reflects a broader trend of increasing institutional adoption and acceptance of cryptocurrencies as legitimate assets. With the potential for New Hampshire to lead the way in this movement, the debate over the role of Bitcoin in traditional financial systems is likely to continue evolving in the coming months.